San Francisco Group
Lilia is one of the members of the group. She tells us that she has a lot of good things to sell and that things are going well in her shop. She considers herself to be a hardworking person who values progress and enthusiasm.
She’s asking for a loan to buy basic goods like meats, drinks, dairy products, baked goods, canned goods, and other items with which she will supply her business.
Lilia es una de las miembros del grupo, y nos comenta que ella tiene muy buena pasta para la venta, por lo que le va muy bien en su despensa. Se define a si misma como una persona muy trabajadora y con un gran espíritu de progreso y entusiasmo.
Ella solicita el crédito para la compra de insumos de primera necesidad, con lo cual podrá surtir su negocio, como ser carnes, bebidas, lácteos, panificados, enlatados y demás.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid